Investors increasing India exposure:IIF

By agencies   |   Tuesday, 27 September 2005, 07:00 Hrs
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WASHINGTON: The Institute of International Finance today said that international investors are increasing their exposure in India. The investors include venture capitalists and equity funds.

The IIF said despite a reduction in privatization effort, "The growing profitability of Indian private sector firms as well as a large volume of funding for expansion is likely to help maintain net inflows of portfolio equity at $9-10 billion a year."

"Despite the historically high price of emerging market assets, investor demand remains strong, reflecting both the search for yield and the improving fundamentals in many key countries, it said adding "Most of these countries have experienced robust growth with relatively little inflation while accumulating substantial incremental reserves as a result of current account surpluses and large capital inflows.”

"Growing confidence on the part of investors in the policy performance of some of the key emerging market countries has contributed to both direct and portfolio investment inflows as well as bond flows," it says.

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